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FOX Business
Dec 27, 2012 1:00pm EST
>> a very good afternoon. 1:00 eastern. >> i am crazy burns. senators returning to washington from last attempt but the house is still out and no new negotiations are scheduled. >> consumer confidence is plunging taking the market down with it. which ended 16 points. trending back and forth. as jobless claims to drop to the lowest level. >> today we look at the un study future of the middle east. what risk lies ahead let's get to speed with the markets are we going over the cliff? consumer confidence is dismal let's go to nicole petallides at new york stock exchange. >> the market under pressure hovering around 13,000 where we're sitting right now. othello's of the day. we have recouped some of the losses but we're still down over 100 points. every single component is a red. johnson & johnson. pfizer. aluminum. and materials. jpmorgan that hit a 52 week high it is now a loser. with the vix index look at the levels the volatility index it is a showing and the indication there is nervousness with washington. what will lawmakers do with a decision? this is the highest point* of a one-
FOX Business
Dec 26, 2012 11:00am EST
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
MSNBC
Dec 3, 2012 6:00pm PST
negotiations in washington. the white house announcing in advance today that the president himself would be answering people's questions about the negotiations in washington. he would be answering them directly on twit ter starting a 2:00 p.m. eastern. it is kind of awesome that regular people can ask direct questions from the leader of the free world. it's like a town hall but you don't have to go to new hampshire in the winter to do it. but doing this shows the unique risks of totally unmediated communication methods for high profile people. like there was this exchange this afternoon which does make sense and it is on message, even if at first it doesn't seem that way. the person who's writing the president here is called, don't be a prat. that's their name on twitter. here's the president answering the question. @barackobama. as a recent college grad without a job, these cuts wouldn't help me, would they? here's the president's response. cuts without revenue e equal reductions in student loans. also work study credits expire. bad for growth, like your hair. right. no. punkuation. end
MSNBC
Dec 5, 2012 6:00pm PST
in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium support instead ofç privatizing medicare, and structural medicare reform instead of raising the eligibility age. now, remember the context for all this. this is important. remember that phrase we first started hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of the actual republicans who were actually elected back then were elected because they ran ads like this. >> congressman brad ellsworth said he would protect our seniors. but when he got to washington, congressman
CNBC
Dec 27, 2012 1:00pm EST
now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with demo
FOX Business
Dec 28, 2012 1:00pm EST
of washington; right? low for a deal to meet the deadline. the markets show traders, well, they are not exactly optimistic. right now, stocks down 69 points, moving lower for the fifth straight session. one crisis, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rall
MSNBC
Dec 26, 2012 6:00pm PST
for the next hour. rachel has the night off but we have big news out of washington, where nothing is happening. the house is not in session, and as of this moment has no plans to be in session for the end of the year. nothing is stirring, not even harry reid. yes, i'm still in the christmas spirit. the president meanwhile is in hawaii and won't be returning until tomorrow. now, normally nothing happening would not be big news in washington. nothing happening is kind of the status quo in washington. getting nothing done is to our political system as saying great is to tony the tiger. it's just kind of what we do now. right now, this week, nothing happening is huge news. the reason is that usually when washington doesn't do anything nothing happens. you do nothing, nothing happens. that's how it goes. in fact that's why people call it doing nothing. after you do it, nothing occurs. if washington doesn't do something, a lot happens. all the bush tax cuts expire, the payroll tax cuts expire. doctors participating in medicare, see their reimbursements cut by more than 25%. good luck getting a docto
CNN
Dec 30, 2012 5:00am PST
this morning in washington, and the focus is on capitol hill as lawmakers try to work out and vote on a deal to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separat
CNN
Dec 2, 2012 6:00am PST
that this is a conversation that he has to have not just with washington but the rest of the country. bringing in business leaders, small business leaders, going out across the country. one reason i think why this time it's going to be different from the failures of the past, the debt krilg debacle, the failure of the super committee, is i think the american people and particularly the american business community, realize what's at stake, and i think an awful lot of us, frankly, in both parties who are willing to get there -- i want to commend kelli as well. there's been a big group of us, well in excess of the majority in the senate who say we're willing to do our part. we want to give the speaker and the president room to get the framework, but we'll help fill in the details as we go forward. >> senator ayotte, there's not much time left here, and it does seem like an inordinate amount of time, almost a month has passed, and we have a description of stalemate and way far apart. >> candy, i see that as swre disappointing, a big problem. that's why i didn't like seeing that essentially it was a rerun of h
FOX News
Dec 27, 2012 6:00pm PST
in washington. on top of that social security is going bankrupt, as is medicare, and all obama is fighting for is increasing taxes that will only pay for 8 1/2 days of government spending. now president obama has not been a leader on this. he's not been serious. he's been acting weak and, of course, clinging to his radical ideology. enough is enough. maybe it's time to have the republicans call the president's bluff. let him take the country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not going to let washington continue with the out of control spending, the debts and deficit. maybe now at this moment maybe that's the right thing to do. joining me now with reaction to the developing steer are congressman loui gomert and -- go ahead. >> i can totally with him that he cannot imagine our consciouses in the hous
MSNBC
Dec 10, 2012 3:00am PST
. >> that's true. >> yes. >> scarborough, commanding george washington. >> washingtonesque. >> tall. >> yes. >> dignity. >> same, 6'4", same thing, yeah. >> so clearly, it's mika brzezinski. >> really? >> when i left, they're still clapping. >> really? >> renaissance woman. >> is it the alcohol? >> i think it's more of the slaves, actually. >> the what? >> nothing. i didn't say anything. >> gotcha. >> you missed that. >> i did. >> the you're the jeffersonian. >> the art of power. the art of navigating power. >> with that, let's go to the most jeffersonian figure for the news. >> all right. we begin this morning with new urgency in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying tha
MSNBC
Dec 26, 2012 6:00am PST
they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in washington to deal with the fiscal cliff and being a member of congress especially a respected member of the senate and what do you think is possible at this point on any type of a large scale deal. what d
CNBC
Dec 13, 2012 7:00pm EST
kudlow report" starts right now. >>> first up, we begin with breaking news out of washington tonight with just 18 days until the country's economy falls off the tax and fiscal cliff, turns out president obama and house speaker john boehner have just wrapped up a surprise meeting at the white house. cnbc's own eamon javers joins us now with the details. again, good evening, eamon. >> good evening, larry. we're told the meeting at the white house was in the oval office. it was about 50 minutes long. boehner and obama were joined by a couple key players, including tim geithner and rob neighbors, the white house's liaison to capitol hill. he's the go-to guy who's been shuttling the paper back and forth throughout this. boehner was also joined by an aide that boehner sources have not named. i don't want to read too much into this larry. but you can get a sense from the amount of people in the room that they're getting into at least some level of detail here. if it was just the two principals, you'd expect a more general conversation. with that number of people in the room, maybe some more
CNBC
Dec 28, 2012 7:00pm EST
back to us. >> yeah. thank you. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over s
CNN
Dec 5, 2012 1:00pm PST
hillary clinton. washington is already buzzing with talk of 2016 just as voters are starting to put the last election behind them. while some potential candidates are doing little to hide their intentions, one big political star is playing hide and seek. it could be hers for the taking, at least that's what a new abc news washington post poll finds, a healthy 57% of americans would support a hillary clinton candidacy in 2016. men are somewhat lukewarm about the prospect, women are fired up, with 66% saying run hillary run. despite her many denials that she's in it to win it. >> i'm flattered, i'm honored, that is not in the future for me. >> supporters are still showering the secretary of state with praise as she found last weekend at a conference on u.s. israeli issues. >> hi, everybody, welcome to the state department. >> reporter: that included this tribute video. >> i am somewhat overwhelmed, i'm obviously thinking i should sit down. i prepared some remarks for tonight but then i thought maybe we could just watch that video a few more times. >> reporter: until clinton decides he
FOX Business
Dec 26, 2012 8:00pm EST
thema northeast and these congresspeople have to get back toyb washington, d.c., maybe foa vote. que will they be able to? >> it is unknown at this point.u this is a big storm and it hasn't even hit. the full impact of the d.c. area, a lot worse before it gets better. when looking at 40, 50 miles per hour in the new york area already seeing ddlays. the runways and taxi rate, we will not see dave and days we have seen in the past winter storms this will delay going on all day.e some of the delays they are experiencing in the northeast from chicago, dallas and the brunt of the storm really hasn't hit the northeast yet. eric: results can be across the entire united states, right? f >> will hit in the evening rush in new york and continue on for the evening.ed already hundreds of flights arriving late, thousands that are 45 minutes late and that d more delays an throughout the day. join 1240th flight cancellations so far., that is not even too much in the new york area. it is dallas, chicago, those numbers will i stack up in the northeast and new york this afternoon. the good news is as
FOX Business
Dec 27, 2012 6:00pm EST
america up a fiscal cliff of its own making. president obama and the senate back in washington today trying to get some kind of a deal done, that is what they say, but nothing will likely come in time. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can
FOX News
Dec 27, 2012 9:00pm PST
washington continue with this out of control spending, debt, maybe now, at this moment, maybe that is the right thing to do. and joining me now with reaction to this developing story are two house republicans, congressman louie gomert. welcome back to "hannity". >> good to be with you. >> sean, i can -- . >> sean: go ahead. >> i can sympathize that he can not imagine our consciences in the house because you'd have to have one to aimagine ours. and he's shown repeatedly, over three years of no budget? come on. jm%lx >>> and first through on december 31. up, hairy reid saying it's time to cut spending not for now, but future generations who arere"Ñde one that's have to pay this off? >> it seems tozc)Ñ my, congressn gomer this has been the bush tax cuts have been lost since what? twun and 2003? seems that if the president fiscal cliff, you guys pass a bill. he hasn't done in three years. they can pass in the senate give it to the president, then nobody's taxes are going to go up. prices averted then, they candlg spend time after the new year negotiating tax reform, çd living
FOX News
Dec 28, 2012 10:00pm PST
. >> greta: shouldn't the american people be absolutely fuhr russ with washington. the president says for the past couple of months i have been working with leaders of both parties to try and forge an agreement. we want a product. shouldn't the american people demand a product? not just everyone having the meetings and the president saying he is modestly opt miss fick. we have no product and we are 74 hours away from the deadline that everybody has known about for 18 months. >> we have known about it for two years actually and building towards this point. greta, we litigated and costed out every solution that is there. we know the impacts of all of those and just lack the political courage to go ahead and implement. so the president never laid out a plan. i do think that something will happen oher the next few days relative to the revenue piece and hopefully we can rescue most americans from a tax increase but what we haven't dealt with again is the spending component. and so again we will go through this for another two and a half months. our economy will not be what it should be. am
MSNBC
Dec 6, 2012 3:00am PST
. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean streets of d.c. >> yes. he was so cagey. >> he was. >> yes. yes. >> you can't ever ask those guys what they're doing, wherever they are. where you going? with who? a meeting. >> auditioning for a gang is what i'm doing. >> right. >> yes, exactly. lots of luck with that one. >> should we get to the news? >> fantastic. boy, there's some stories here, unbelievable. >> in the least. >> you talk about libya. i tell you what, you've got assad about to cross that red line. he's going to see russia leaving quick. i think you'll see even troops going in there if he starts using chemical weapons against his own people. about to cross the line. egypt, morsi in trouble. the biggest revolt since mubarak was pushed out of power. "the new york times" also has another fascinating story. john boehner gained strong backing of the house gop. they actually say that the speaker's more powerful today than he has been since he became speaker two years ago. >>
MSNBC
Dec 13, 2012 3:00am PST
well that in washington when you're talking about obligating a future congress to make cuts, that's not a deal. and that's the same hook that republicans have always gotten hung on in previous negotiations with democrats when rate increases are on the table. so republicans are saying, look, we'll go 37%. we may even talk about 39%, but we want to see real cuts that are right now, not something that you're going to obligate the congress of 2020 to do because that's not going to happen. >> but that's fine, michael, but that's not what they're saying. >> that is what they're saying. >> no, no, no. boehner wrote a letter in plain english, typed it out, no rate increases, period. not no rate increases -- >> come on. steve, like that means something? >> hold on. so he wrote that letter. the president said we're not going to move from 39%. the president -- >> no, he did not say that. >> let me finish. the president subsequently said we can meet them halfway, and boehner did not rule out a 37% number. >> no, he briefly didn't rule it out, and then he ruled it out. >> it's still on the tab
CNBC
Dec 27, 2012 7:00pm EST
report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know t
CNN
Dec 13, 2012 9:00pm PST
big late story in washington, speaker boehner goes to the white house. how close are they now to a deal? rudolph giuliani is here to say a lot about these things. i'll ask him if america is getting more dangerous in the wake some of very shocking high-profile gun crime. >>> he was known as one of the west memphis three now damien echols is adjusting to life as a free man. >> i was in a state of extreme shock and trauma. >> and how he survived 18 years on death row. >> it's absolutely nightmarish. >> this is "piers morgan tonight." >>> good evening, you're looking live at the white house where president obama has had one of those win some, lose some kind of days. the president and john boehner met for 50 minutes in a meeting being called frank. when basically translates to no deal yet. but the good news was, quote, the lines of communication remain open. the bad news, ambassador susan rice was withdrawing from the short list to replace hillary clinton as secretary of state. >> i withdrew my name because i think it's the right thing for the country and i think it's the right thi
FOX Business
Dec 11, 2012 1:00pm EST
join us from washington, d.c. welcome to you. >> thank you. lori: why do you think right-to-work is good idea in michigan? >> michigan has th been one of e states hardest hit by the downturn. they want to do what they can to attract jobs. right-to-work states have lower unemployment rate. it is not hard to understand why businesses don't particularly want to be unionized. they don't want to have happen to them what happened to general motors or chrysler. yothey make it less profitable r unions. as a result you get more invested and more jobs. jobs are one thing michigan definitely needs. lori: i agree. the unions would argue many of the freedoms, many of the advantages their workers enjoy her because of the lobbies and the history they have had, therefore the unions are deservedly deserve their dues. >> if you can persuade workers to give you their money, that is fantastic, that is your constitutional right. they should not be forced to pay dues to the union. 20% of union households in michigan support the right to work law. probably because there's a awful lot of union w
MSNBC
Dec 4, 2012 3:00pm PST
from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes.
MSNBC
Dec 11, 2012 6:00pm PST
rights and union rights and economic rights side by side, marching into washington, d.c. that is how it was. when americans push for fair treatment at work, win or lose, they move as a group because they have to. their power is all in the numbers. it is a power of many working often against the power of money, or the power of entrenched incumbency. this is a power that belongs almost exclusively to unions, solidarity. and unions interpret that broadly. they see them working with the working class. so they spend their time and their money and their manpower pushing for much more than pro union legislation. unions push for better access to health care for their members and for all 000 who aren't their members. better social security and medicare and child labor laws. unions push for equal pay for women in the workplace for their members, and again, for the women who are not their members. when states try to make it harder to vote, unions push back, and they sometimes win. just ask ohio republicans who thought they could cut the time for early voting in half until this truck rolled up.
MSNBC
Dec 12, 2012 5:00pm PST
it in the lake and see if it's still cold out? come on, folks. these lawmakers in washington need some pressure put on them. we need to go higher than 39.6%. we need to go to at least 42% for the wealthiest americans making over a million dollars a year and tell bain their is the way it's going to be, or you're going to lose the deal that is on the table right now. let's take a hostage. let's take the rates. get your cell phones out. i want to know what you think tonight. tonight's question, is john boehner ignoring the american people to save his job as speaker? text a for yes. text b for now to 622639. you can always go to our blog at ed.msnbc.com. we'll bring you the results later on in the show. i'm joined tonight by california congressman john garamendi who sits on the house ways and means committee. good to have you with us. >> good to be with you, as always. >> you brought up an interesting point by your colleague about how the timing of this is getting more and more interesting. john boehner delaying a deal in order to protect his job? what do you think? >> well, we certainly know we ha
MSNBC
Dec 27, 2012 5:00pm PST
dyson, in for ed schultz. breaking news from washington tonight. nbc news has confirmed that the president will host a meeting with all four congressional leaders at the white house tomorrow. this could be their last chance to get something done before we go over the cliff. this is "the ed show." and as ed would say, let's get to work. >> the american people are waiting for the ball to drop. but it's not going to be a good drop. >> senator reid says we are going over the cliff. the market drops. then house republicans announce they will return to washington. congressman charlie rangel and richard wolff will sort out the late-breaking news. >>> the l.a. gun buyback say major success, but is it enough to stem the explosion of gun sales in the wake of newtown? >> i've seen huge uptick in business. our a.r.s have been sold out because people are very concerned about them becoming banned. >> los angeles mayor antonio villaraigosa joins me live. >>> plus the louie gohmert plan to arm teachers is going forward in ohio and utah. >> i wish to god she had had an m-4 in her office.
CNN
Dec 4, 2012 1:00pm PST
term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news. >> so getting out of this town, spending more time with the american people, listening to them and also then being in a conversation with them about where do we go together as a country, i need to do a better job of that in my second term. >> better job of explaining? >> well, explaining, but also inspiring. >> reporter: wolf, when it comes to a deal on averting the fiscal cliff, negotiations are on deep freeze. from the white house's perspective, they're not going to budge until house republicans come around to the view that tax rates on the wealthiest have to go up. but you know house republicans don't want to agree to any kind of deal that includes that. so right now it's a blinking contest. of course, the white house thinks it's one they'll ultimately win, because in the new year tax rates automatically go up. >> and there could be a recession once again if we go into that fiscal cliff. how worried are officials over at the white house that the pr
FOX News
Dec 30, 2012 3:00pm PST
>>> this is a fox urgent. talks hitting a wall in washington. an entire nation stairs off the edge of the fiscal cliff, dumping you the back into a recession. we're just learning of a major snag in negotiations on the hill. bringing lawmakers back where we were 24 hours ago and bringing us closer to higher taxes on just about every worker in america and deep spending cuts, particularly to our military. i'm hair harris faulkner. this is a special two-hour edition of the fox report. pressure is mounting as talks appeared to be making progress at one point then late today, word they hit a setback this afternoon over social security spending. senate minority leader mitch mcconnell says he never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible s
CNBC
Dec 4, 2012 4:00pm EST
of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >>
MSNBC
Dec 6, 2012 5:00pm PST
robinson, msnbc political analyst and associate editor and pulitzer prize winning columnist for "washington post" but most of all i can title them both as two distinguished gentlemen from south carolina. gentlemen, good to have you with us tonight. congressman, you first. is the congress -- >> thank you so much. >> is the congress better or worse off with a guy like jim demint? >> well, i wouldn't put it that way, ed. i think that jim is a very principled guy. i never agreed with a single one of his principles, but he's a very principled guy. he is doing what he thinks he needs to do in order to further his cause. he has had some real serious problems with his relationships in the senate. i think all of us who practice politics know that if you're going to be successful in any legislative body, you have to develop relationships with people and people have to feel comfortable knowing that you are going to be a certain place at a certain time. i don't think that anybody in the senate ever felt comfortable where jim demint was on any of the issues, and he had a lot of strained relationships wi
CNBC
Dec 10, 2012 1:00pm EST
are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly thereafter. we have smart strategies and individual stock picks for you this hour. >> that's right. well also take a look at another side of google that you very rarely hear about. the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last ten days or two weeks or s
CNN
Dec 27, 2012 9:00am PST
. >> all right. ian lee, thank you very much. appreciate it. >>> president obama back in washington today to tackle the so-called fiscal cliff. he landed about 30 minutes ago. you see him getting off of the air force one. the president shut his vacation short do deal with this economic crisis. according to a tweet from a white house spokesman, the president spoke with all four congressional leaders before leaving hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back
FOX Business
Dec 3, 2012 1:00pm EST
the cliff. rich edson in washington with the latest, rich? >> they are stuck on this offer, which the white house says is less of an offer and the same position the administration staked out in its jobs bill and deficit proposal over the last couple years. half trillion in tax increases or trillion and a half in tax increases, $600 billion in spending cuts, more spending, and a permanent increase in the debt ceiling. on fox news sunday, boehner called that deal a joke. >> just flabbergasted. i looked, and said, you can't be serious? i just never seen anything like it. we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they started. still, aids say it's early to be mov
MSNBC
Dec 13, 2012 7:00pm PST
in washington are nearing critical mass. >> here we are at the 11th hour. >> 18 days. >> the republicans sent a letter. >> we made a reasonable offer. >> it is this issue spending. >> let's all take a deep breath. >> voters trust the president to handle negotiation. >> are we back to square one? >> here we are again. >> the president is not serious about cutting spending. >> it doesn't make seps. >> but to give a tax cut to the wealthiest people. >> i have no idea. >> we have clarity on that. >> today after un ambassador susan rice withdraw her bid for secretary of state. john kerry got lesser to becoming secretary of state. >> tonight there were two people on the list two minus one is one. >> in other words, senator john kerry is virtually certain to be nominated secretary of state. here is senator kerry tonight. >> and i'm going to continue to do my work. >> senator kerry's statement red are in part as someone who was weathered my share of political attacks and understands how difficult politics can be. >> i know that she will continue to serve with great distinction and passion. >> today i
NBC
Dec 5, 2012 6:30pm EST
foreign affairs correspondent, andrea mitchell, is in washington. here we go again, the american public not anxious to hear about any u.s. military involvement anywhere else on the planet, using terms like weapons of mass destruction, chemical weapons, what do we do? now you have the criminal weapons going back over a decade, but the stock pile explains why the president and hillary clinton warned bashar al-assad forcefully this week not to use the weapons. a warning that secretary clinton repeated at nato again today. >> our concerns that are increasingly desperate assad regime might turn to chemical weapons. or might lose control of them to one of the many groups that are now operating within syria. >> reporter: now officials say they believe that those warnings did work so far. they are concerned, though, about the rising influential extremist groups. so the state department is preparing to decision nature one group because of the close ties to al-qaeda in iraq. still, secretary clinton announced they will take a big step, recognizing the main opposition group as the sole legitimate
FOX News
Dec 29, 2012 3:00am PST
cliff deal. and is it mitch mcconnell to the rescue. live in washington on the 11th hour negotiations. >> and did you know about to fall off the dairy cliff? >> juliet: have you seen the prices? >> dave: as high as 8 bucks a gallon for milk. >> clayton: oak ridge boys bush. special number tribute for number 41. "fox & friends" begins right now. >> am i wrong about that don't the have a deep voice? ♪ >> oak ridge boys have been on this show many times on "fox & friends." >> good morning, everyone. >> dave: good morning. juliet huddy celebrating an early new year's eve. is it new year's eve? >> juliet: sparkly shoes and everything. i feel like we are waking up at 4:00 in the morning on saturday i better be festive. >> clayton: that's what woke me up this morning. >> juliet: this is a beautiful set it has inspired me. >> dave: it's spectacular. >> juliet: it is. >> dave: it's fiscal cliff time. couple of days away. rare i wake up and say i'm moderately optimistic but that's what the president said. you are either optimistic or you are not. the president said he is modestly optimistic a
CNBC
Dec 10, 2012 6:00am EST
to washington state for that. i don't need andrew to bring it back. but i'm a little bit concerned. do you remember? >> i think he's okay, i hope. although i did hear some weird things about the plane. >> have you ever been to a turkish prison? i think that's lt from "airplane," right? actually, i have nodenc support this that he was busted trying to leave the country. >> have you ever been in a prison? >> there it is, the turkish prison. i made that up. >> no, you did make it up but i am concerned because of the plane issues. he's a nervous flyer as it is. >> that's right. >> if there's plane issues -- >> but you don't think they went in and stormed the plane and dragged him off? >> i don't think so. but he will be back tomorrow. >>> okay. back here in the united states, there is a key senate vote expected today on extending a financial crisis era blanket guarantee on nearly 1.5 trillion in deposits. the fdic's transaction guarantee program, or t.a.g., expires at the end of the year. small banks are making a last ditch attempt to try and persuade congress to extend it. t.a.g. sdpofts make
CNBC
Dec 27, 2012 6:00am EST
discussions in washington. it could alter the tax exempt status of securities. and in corporate news, $1.1 billion to settle a u.s. class action over claims that millions of its vehicles accelerate unintentionally. the proposed settlement will compensate customers for economic losses related to possible defects in toyota vehicles. it covers most of the litigation involving unintended acceleration. so it does not cover claims for wrongful death or injuries. >> what a racket, though. >> the torque. plaintiff lawyers. $1.1 billion. >> do the math. >> that will always be -- >> and the plaintiffs get a third. is that how this works usually? >> that will always be a great business. won't it? it will always be a great business when you have someone like toyota. i don't know what happened with those. toyota tried to claim it was like use error. >> and then people said it was the mat. >> i don't know what finally came of it, but it was -- >> they never really said. >> no, but it was $1.1 billion, with a "b." >> nobody knows that it was, but you asked for it and you got it. >> yeah, yeah, yeah. an
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